Johnson Electric, a global provider of electric motors and motion subsystems, has completed its acquisition of Stackpole International, a supplier of engine and transmission pumps and powder metal components, primarily for automotive applications.
Stackpole, headquartered in Ontario, Canada, employs over 2,500 individuals across a global operating footprint that includes nine manufacturing facilities located in North America, Europe and Asia. Its customer base comprises automotive original equipment manufacturers and Tier 1 suppliers.
Johnson Electric acquired Stackpole from SI Investors, L.P., in an all-cash transaction that valued Stackpole at C$800 million on an enterprise value basis.
‘We are very excited to take this next step with Johnson Electric,’ said Peter Ballantyne, president and CEO of Stackpole. ‘It allows for the continued advancement of our core product portfolio and the development of innovative new technologies to meet the changing needs of our industry.’
This story is reprinted from material from Johnson Electric, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.